EURUSD will touch channel support and grow
My past predictions have come true.
The price has continued to fall since the beginning of the week.
First she came to the crossing of the canals.
Then it broke through the boundaries of the channels and continued to fall.
During this day, the price approached the support zone.
Let's consider a movement on a larger TF.
The channel has set the basis for the price movement since November 2019.
At the beginning of the year, the price began to fall from the upper line of the channel (resistance) at 1.238.
During the fall, a channel was formed.
Falling in the channel, the price has worked out the internal resistance lines - 1.217 and 1.199.
I expect that the decline will end at the 1.171 support (channel line + zone + closely passing support level).
After which the price will rise to resistance.
The target is 1.215.
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Share your opinion in the comments and support the idea with likes.
Thank you for your support!
The price has continued to fall since the beginning of the week.
First she came to the crossing of the canals.
Then it broke through the boundaries of the channels and continued to fall.
During this day, the price approached the support zone.
Let's consider a movement on a larger TF.
The channel has set the basis for the price movement since November 2019.
At the beginning of the year, the price began to fall from the upper line of the channel (resistance) at 1.238.
During the fall, a channel was formed.
Falling in the channel, the price has worked out the internal resistance lines - 1.217 and 1.199.
I expect that the decline will end at the 1.171 support (channel line + zone + closely passing support level).
After which the price will rise to resistance.
The target is 1.215.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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